At the end of 2009, Tatum Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $28,000. On January 24, 2010, it is learned that the company's receivable from Novinger Inc. is not collectible and therefore management authorizes a write-off of $2,000. On March 4, 2010, Tatum Co. receives payment of $2,000 in full from Novinger Inc.